CTO / cofounder exit deal after 1.5y at 600k revenue without SHA
I co-founded a deeptech company in France 1.5 years ago with another founder. We both invested €30k initially. My co-founder, who has a business background and is CEO, owns 51% of the shares and has 2/3 of the voting rights, while I own 49% of the shares and hold 1/3 of the voting rights. I have a PhD in AI and serve as the CTO. We pay ourselves modest wages and currently employ three full-time staff, all of whom I recruited and manage. The company generated €600k in revenue over the first 18 months through tenders and research services. There’s also potential for a €1.3m grant to be awarded in Q2 this year. Even though the company is doing well, I’ve decided to exit the company end of March for personal reasons: A breakdown in cofounder relationship, I can’t commit to relocating to France (I’m commuting from abroad), and I’m not happy with the recent pivot to the defence secto
Why it failed
I co-founded a deeptech company in France 1.5 years ago with another founder. We both invested €30k initially. My co-founder, who has a business background and is CEO, owns 51% of the shares and has 2/3 of the voting rights, while I own 49% of the shares and hold 1/3 of
- Kind
- startup
- Status
- Shut down
- Inventor
- biphasic
- Ended
- 2025
- Source
- hackernews